Company Registration No. 10412567 (England and Wales)
AM Property Managers Limited
Unaudited accounts
for the year ended 31 October 2021
AM Property Managers Limited
Unaudited accounts
Contents
AM Property Managers Limited
Company Information
for the year ended 31 October 2021
Director
Zaheer Ahmed Aziz
Company Number
10412567 (England and Wales)
Registered Office
238 DURNSFORD ROAD
LONDON
SW19 8DS
ENGLAND
AM Property Managers Limited
Statement of financial position
as at 31 October 2021
Cash at bank and in hand
70,251
56,702
Creditors: amounts falling due within one year
(20,758)
(9,068)
Net current assets
49,493
47,634
Total assets less current liabilities
49,493
47,759
Creditors: amounts falling due after more than one year
(47,190)
(50,000)
Net assets/(liabilities)
2,303
(2,241)
Called up share capital
100
100
Profit and loss account
2,203
(2,341)
Shareholders' funds
2,303
(2,241)
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 June 2022 and were signed on its behalf by
Zaheer Ahmed Aziz
Director
Company Registration No. 10412567
AM Property Managers Limited
Notes to the Accounts
for the year ended 31 October 2021
AM Property Managers Limited is a private company, limited by shares, registered in England and Wales, registration number 10412567. The registered office is 238 DURNSFORD ROAD, LONDON, SW19 8DS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% SL
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
AM Property Managers Limited
Notes to the Accounts
for the year ended 31 October 2021
4
Tangible fixed assets
Fixtures & fittings
5
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
3,046
635
Other creditors
2,822
(511)
Loans from directors
14,377
8,431
6
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company is controlled by Mr Zaheer Ahmed Aziz, the company's managing director. It is confirmed that the director's current account is debited with personal transactions and credited with director remunerations and dividends as well.
9
Average number of employees
During the year the average number of employees was 3 (2020: 6).